Iconic Equities, in partnership with Trinity Capital Advisors, has announced the closing of 239 Jedburg Road in Charleston, roughly 115 acres of land located in the Summerville submarket. The firms plan to develop approximately 780,000 square feet of Class A logistics warehouses.
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PROFILE Exclusive Podcast Season 1 Episode 9 Featuring Jacques Bessoudo of Galium Capital
Season 1 Episode 9 of the PROFILE Exclusive Podcast by PROFILEmiami features Jacques Bessoudo of Galium Capital. Jacques serves as Managing Partner of Galium Capital, a Miami-based private equity group which he founded in 2018 and currently has over $600 million of commercial real estate under management.
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Cantina La Veinte Space In Icon Brickell Trades For $18.8 Million In Off Market NNN Deal
The waterfront retail condo in Icon Brickell that is home to hotspot Mexican restaurant Cantina La Veinte has sold for $18.8 million. The tenant will remain in place with a brand-new 15-year lease. The two story retail condo spans 11,176 SF and is located on the Brickell Baywalk. Fabio and Sebastian Faerman of FA Commercial represented both the buyer and the seller in the off market NNN transaction.
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Wharton Realty Group Acquires Homestead Pavillion Shopping Center For $82 Million
The New Jersey-based Wharton Realty Group has acquired Homestead Pavillion Shopping Center for $82 million from a joint venture including CREC Capital, Highline Real Estate Capital, MMG Equity Partners, and Lubert-Adler Real Estate funds. CREC Capital facilitated the sale of a 298,000 SF retail center located at 2400 NE 10th Ct in Homestead.
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The Shoreland Arcade
Moishe Mana Closes On Five Properties In Downtown Miami's Flagler District For $59.62 Million
Moishe Mana is steaming forward on plans for Downtown Miami’s Flagler District after closing on five properties in the past week for $59.62 million. Construction is progressing at several other of his properties in the neighborhood as the demand for office, retail and entertainment spaces in Miami increases.
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Black Lion Investment Group Acquires Commercial Units In South of Fifth's Marea Featuring RED Steakhouse And KoSushi Spaces
Black Lion Investment Group has acquired an entire block of commercial condo units at the base of the iconic Marea building in the heart of Miami Beach’s South of Fifth neighborhood. The six-story building at 801 South Pointe Drive was originally developed by the famed Related Group and features 30 luxury residential condos atop the commercial units.
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David Hunt Solomon To Develop $25 Million Venetian Islands Waterfront Estate Designed By Touzet Studio
A team of industry visionaries led by David Hunt Solomon have revealed plans to develop a $25 million state-of-the-art showpiece estate in Miami Beach’s exclusive Venetian Islands. Berkshire Hathaway HomeServices EWM Realty top-producer David Hunt Solomon announced that he has brokered and purchased a prime, 10,833-square-foot waterfront lot at 415 East Rivo Alto Drive for $6.959 million.
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Royal Palm Companies Locks Down 3rd Largest Construction Loan In Florida History For Legacy Hotel & Residences
Royal Palm Companies, led by Dan Kodsi, has locked down a $340 million construction loan from Silverstein Capital Partners for the sold-out Legacy Hotel & Residences in Miami Worldcenter in Downtown Miami. The loan represents the third largest construction loan in Florida history.
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The Last Development Parcel on The Ultra-Luxury Fisher Island Under Contract to Related Group, Teddy Sagi and BH Group Joint Venture
A joint venture between real estate leaders Related Group, Teddy Sagi and BH Group are under contract on Parcel 7, the last available development parcel in Miami Beach’s historic Fisher Island. The partnership plans to develop an ultra-luxury boutique condominium in what has come to be known as America’s wealthiest zip code.
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The Developers of One Thousand Museum by Zaha Hadid Architects Pay Off $90 Million Inventory Loan Following Miami Art Week Sales
The developers of One Thousand Museum by Zaha Hadid Architects have paid off a $90 million inventory loan following a successful Miami Art Week 2021 which saw two units sell for a combined $30 million. A local buyer from Miami purchased a full-floor unit and a foreign buyer purchased a sky townhouse unit.
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